Cullen Investment Group LTD. Sells 241 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Cullen Investment Group LTD. cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,230 shares of the transportation company’s stock after selling 241 shares during the quarter. Cullen Investment Group LTD.’s holdings in Canadian Pacific Kansas City were worth $2,332,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Grove Bank & Trust boosted its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Finally, Kennebec Savings Bank bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.3 %

CP stock opened at $73.72 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a fifty day moving average of $75.02 and a 200-day moving average of $79.29. The stock has a market capitalization of $68.82 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.93%.

Analyst Ratings Changes

Several research firms have weighed in on CP. Susquehanna cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Citigroup dropped their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $93.56.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.